Hedge Funds Are Crazy About BWX Technologies Inc (BWXT)

As one would reasonably expect, key money managers were breaking ground themselves. Clinton Group, managed by George Hall, created the most valuable position in BWX Technologies Inc (NYSE:BWXT). The fund reportedly had $1.3 million invested in the company at the end of the quarter. Paul Tudor Jones’s Tudor Investment Corp also initiated a $1.2 million bet during the quarter. The following funds were also among the new BWXT investors: Brian Taylor’s Pine River Capital Management, Alec Litowitz and Ross Laser’s Magnetar Capital, and Michael Platt and William Reeves’s BlueCrest Capital Mgmt..

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as BWX Technologies Inc (NYSE:BWXT) but similarly valued. We will take a look at Santander Consumer USA Holdings Inc (NYSE:SC), Microsemi Corporation (NASDAQ:MSCC), BBVA Banco Frances S.A. (ADR) (NYSE:BFR), and CONSOL Energy Inc. (NYSE:CNX). This group of stocks’ market valuations match BWXT’s market valuation.

As you can see these stocks had an average of 26 hedge funds with bullish positions and the average amount invested in these stocks was $583 million. That figure was $787 million in BWXT’s case. CONSOL Energy Inc. (NYSE:CNX) is the most popular stock in this table. On the other hand BBVA Banco Frances S.A. (ADR) (NYSE:BFR) is the least popular one with only 11 bullish hedge fund positions. BWX Technologies Inc (NYSE:BWXT) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CNX might be a better candidate to consider a long position.

Disclosure: none.